News
NCC, Galaxy Backbone, i-naira Support #MoDiTECH2019

Mobile and Disruptive Technology Forum (#MoDiTECH2019) will hold coming Thursday, October 24, 2019 in Lagos under the theme: Power of Digital Services.
Nigerian Communications Commission (NCC), Galaxy Backbone and i-naira.com are latest industry stakeholders to support the Forum.
The maiden edition of Mobile and Disruptive Technology Forum 2019 is being organised by TechEconomy.ng in collaboration with Nigeria CommunicationsWeek, as a platform for inter-sectorial review of economic impacts of emerging technologies; giving particular attention to the disruptive potentials of Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision.
MoDiTECH’ which holds at Victoria Crown Plaza Hotel (VCP), 292B, Ajose Adeogun Street, Victoria Island, Lagos, has as the Minister of Communications, Dr. Isa Ibrahim Pantami is the special guest of honour.
Other special invitees expected at the Forum are the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta; the Director General of the National Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi; the Managing Director/CEO, Galaxy Backbone Limited, Architect Yusuf Kazaure; the Managing Director of Rack Centre, Dr. Tunde Coker; the President, African ICT Foundation (AfICTF), Mr Tony Ojobo; the Chairman, Connect Technologies & Africa Chair for IEEE, Chris Uwaje (Oracle), while the Founder, CWG Plc; Entrepreneur in Residence, Ausso Leadership Academy, Austin Okere is scheduled to present the keynote address.
Other speakers include, Tunde Ogungbade, Managing Director of Global Accelerex Limited; Dr. Obadare Peter Adewale, the Co-Founder/COO, Digital Encode,; President, African ICT Foundation, Mr. Tony Ojobo; Co-founder/CTO, Digital Encode, Dr. Oluseyi Akindeinde; the Chief Operating Officer, FinTech Association of Nigeria (FinTechngr), Dr. Babatunde Obrima; the President/CEO, Medallion Communications, Engineer Ikechuke Nnamani; the Founder Rise Labs; Nigeria’s First AI powered Learning, Research & Work Readiness Centre, Toyosi Akerele-Ogunsiji; the Chief Technology Strategist, Debbie Mishael Consulting & Board Member Global Advisory Council, EC-Council, Engr. Frank Ogochukwu; the CEO, i-naira.com, Hillary ugo Nwaukor amongst others.
It will feature C-Level executives including CEOs/CFOs/CROs/CCO/CIO; Directors and Heads of trading, operations, research, analytics, investment, strategy, digital, compliance, risk and data analysts; and senior regulators and policymakers; drawn from the FMCGs, Financial Industry including Fintechs, Banks, Insurance Companies, etc., AgriTech, Logistics, Cyber security companies, amongst others.
Speaking on the choice of the theme, the Editor, TechEconomy.ng, Mr. Peter Oluka, said that paradigm shifts obvious panned the world to the inherent advantage facilitated by disruptions in communication (Telecoms), access to this technology is increasing income and Return on Investments (B2C & B2B), improving access to Services such as smart metering, Health (eHealth) and Transportation (Mobility), making Financial Services more convenient (FinTech/Banking), and increasing the GDP (Tax/Revenue) of entire country.
The FinTechs for instance, he said, are simplifying the user journey by leveraging technology and giving millions more people access to financial facilities.
“So what’s the next big thing? Where will the jobs be, and how can companies carve out a competitive advantage in the compelling global economy? 5G is coming. The NCC for instance, has issued spectrum for research on 5G; so that should be the thinking of player in different sectors?
He said that the event promises to make a difference as ground-breaking solutions shall be unveiled along many dimensions of the Forum.
On his part, the Deputy Editor, Nigeria CommunicationsWeek, Mr. Chike Onwuegbuchi, said that MoDiTECH is credible platform to showcase disruptive technologies that even the government can leverage to address societal issues and improve on the economic indexes.
He reiterated thus, “For instance, the volume of data in the world is growing by 60% every year and for financial services in particular, the effective handling of data will be central to future business strategy especially with the unleashing of 5G technologies”.
“So, Mobile and Disruptive Technology Forum (ModiTECH’19), in this maiden edition, aims at pushing for “The Power of Digital Services” by disrupting existing technologies for the advancement of the economy at large”.
He added that the Forum has already attracted attention of senior executives and technology innovators/disruptors from across within and outside the country.
News
Beware of Fake Cerelac Products – NAFDAC

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.
It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.
NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).
Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.
NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.
It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.
According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.
“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.
The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.
It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.
NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.
It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.
The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.
News
NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.
“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.
Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.
“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.
He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.
“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.
During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.
Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.
“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.
The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.
In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.
Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.
The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.
News
NRS Takes Over Mineral Royalties Collection Under New Tax Laws

Nigeria Revenue Service (NRS) has assumed responsibility for collecting mineral royalties from mining operators nationwide, following new tax laws effective January 1, 2026.

NRS
The shift emerged from a Thursday meeting between Solid Minerals Development Minister Dele Alake and NRS Chairman Dr. Zacch Adedeji. Their joint statement, endorsed by both, confirms NRS now administers all federally collectible revenues, including royalties.
Enacted by President Bola Tinubu on June 26, 2025, the Nigeria Tax Laws 2025 empower this transition. The Ministry of Solid Minerals Development remains a key partner, supplying pricing data, geological insights, and sector coordination.
NRS Special Adviser Dare Adekanmbi’s statement outlines collaborative steps: a nationwide sensitization program for operators on filing and payments; development of a digital royalty system; and regular joint technical sessions to address issues.
Both agencies pledge orderly, transparent implementation to boost the mining sector. Operators must comply with obligations and join upcoming programs.
The move aims to streamline revenue collection while fostering mining growth.
General News3 days agoFG, Others Say Nigeria Wastes 38m Tonnes of Food Annually
E-Financial3 days agoCBN, Banks, Fintechs Launch PSPC to Boost Nigeria’s Payment System
News3 days agoNITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth
E-Financial3 days agoCycleFlow, IFC Launch Supply Chain Finance Platform in Nigeria
E-Financial2 days agoN4.65 Trillion in the Vault, but is the Real Economy Locked Out?
E-Financial3 days agoAnchor Gets Nigerian, Canadian Licences as Transactions Crosses $2.5Bn
General News2 days agoUnion Bank Looted: How Former Directors Gambled with Billions and Nearly Destroyed a National Bank
E-Financial3 days agoEcobank Assures of Seamless Easter Banking Services

















